Bahrain’s Nogaholding raises $570m

In its first visit to the syndicated credit markets, National Oil and Gas Authority’s Nogaholding business development arm has signed a five-year, $570m Murabaha facility to support the Bahrain Petroleum Company (Bapco) refinery’s modernisation, a planned liquefied natural gas import terminal and a natural gas liquids plant being developed by Bahrain National Gas Expansion Company (Banagas).